Comcast Interactive Capital Invests in CDN GridNetworks

This story was written by Rafat Ali.
NCTA brings in a slew of announcements, and this funding one: Comcast (NSDQ: CMCSA) is continuing its backtracking and cozying up to P2P providers, and has now invested in GridNetworks (GN), a Seattle-based P2P video content delivery network. The amount was not disclosed..last year the company raised $9.5 million first round led by Panorama Capital. GN will also work with Comcast on various applications.

GridNetworks provides its GridCasting service for HD video delivery through broadband connections, using a variation of the traditional P2P distribution. CEO Tony Naughtin was formerly at Internap (NSDQ: INAP) while CTO Jeff Payne was the architect of the Real Broadcast Network at RealNetworks (NSDQ: RNWK). As for Comcast's rationale, said Tony Werner, Comcast CTO: "We are interested in the application of P2P concepts in a manner that puts the quality of the consumer experience first, and enables lawful distribution of copyrighted content while also efficiently utilizing the network."


By Rafat Ali

Popular on CBS News

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download